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May 2018 Glendale Heights Rent Report

Welcome to the May 2018 Glendale Heights Rent Report. Glendale Heights rents declined over the past month. In this report, we'll evaluate trends in the Glendale Heights rental market, including comparisons to cities throughout the metro, state, and nation.

May 2018 Glendale Heights Rent Report

Welcome to the May 2018 Glendale Heights Rent Report. Glendale Heights rents declined over the past month. In this report, we'll evaluate trends in the Glendale Heights rental market, including comparisons to cities throughout the metro, state, and nation.

Glendale Heights rents declined over the past month

Glendale Heights rents have declined 0.1% over the past month, but have been relatively flat at 0.1% in comparison to the same time last year. Currently, median rents in Glendale Heights stand at $1,150 for a one-bedroom apartment and $1,350 for a two-bedroom. Glendale Heights' year-over-year rent growth lags the state average of 0.2%, as well as the national average of 1.5%.

Rents rising across the Chicago Metro

While rents have remained steady in the city of Glendale Heights throughout the past year, cities across the metro have seen a different trend. Rents have risen in 8 of of the largest 10 cities in the Chicago metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

Aurora has seen the fastest rent growth in the metro, with a year-over-year increase of 3.1%. The median two-bedroom there costs $1,300, while one-bedrooms go for $1,110.

Over the past year, Arlington Heights has seen the biggest rent drop in the metro, with a decline of 1.9%. Median two-bedrooms there cost $1,450, while one-bedrooms go for $1,230.

Elgin has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,170; rents were up 0.5% over the past year but remained flat month-over-month.

Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,720; rents remained steady over the past month.

Many large cities nationwide show more affordable rents compared to Glendale Heights

Rent growth in Glendale Heights has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most large cities across the country, Glendale Heights is less affordable for renters.

Glendale Heights' median two-bedroom rent of $1,350 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the stagnant growth in Glendale Heights.

While rents in Glendale Heights remained moderately stable this year, similar cities saw increases, including Houston (+3.1%), Denver (+1.6%), and Columbus (+1.5%); note that median 2BR rents in these cities go for $1,020, $1,320, and $950 respectively.

Renters will generally find more expensive prices in Glendale Heights than most large cities. For example, Detroit has a median 2BR rent of $890, where Glendale Heights is more than one-and-a-half times that price.

For more information check out our
national report.
You can also access our full data for cities and counties across the U.S. at
this link.

City

Median 1BR price

Median 2BR price

M/M price change

Y/Y price change

Chicago

$1,070

$1,260

0.2%

-0.6%

Aurora

$1,110

$1,300

0.0%

3.1%

Joliet

$1,020

$1,200

0.1%

1.3%

Naperville

$1,460

$1,720

-0.0%

0.4%

Elgin

$1,000

$1,170

0.1%

0.5%

Arlington Heights

$1,230

$1,450

0.7%

-1.9%

Evanston

$1,280

$1,510

0.5%

1.3%

Schaumburg

$1,340

$1,580

0.1%

1.2%

Palatine

$1,130

$1,330

0.3%

2.0%

Des Plaines

$1,040

$1,220

-0.3%

1.6%

Wheaton

$1,240

$1,460

0.7%

-0.8%

Hoffman Estates

$1,100

$1,300

-0.3%

-0.0%

Oak Park

$930

$1,090

-0.1%

-2.0%

Lombard

$1,270

$1,500

0.8%

-2.6%

Crystal Lake

$1,250

$1,470

-0.0%

2.3%

Carol Stream

$1,110

$1,310

0.4%

1.2%

Wheeling

$1,170

$1,380

0.2%

0.1%

Calumet City

$890

$1,050

0.1%

0.6%

Glendale Heights

$1,150

$1,350

-0.1%

0.1%

St. Charles

$1,350

$1,580

-0.3%

0.2%

Woodridge

$1,180

$1,390

0.4%

2.6%

Woodstock

$980

$1,150

0.2%

0.4%

Lisle

$1,150

$1,350

-1.4%

-3.3%

Park Forest

$980

$1,150

-0.0%

0.3%

See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.